2020-02-26T17:15:20-06:00 2019-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2018-07-01 626048540 UNIVERSITY OF MEMPHIS FOUNDATION UNIV 9016783956 635 NORMAL ST ALUMNI CENTER NO 108 MEMPHIS TN 38152 BYRON MORGAN MANAGING DIRECTOR 9016783956 2020-02-23 1 KELLY S CROW P01519168 9016822431 2020-02-21 216.37.74.232 2020-02-23 16:48:24 CS P 6FB6D247EA89A1511655647A21F0484DE91F61D8 6FB6D247EA89A1511655647A21F0484DE91F61D8 2018 2020-09-23 17:36:50Z BYRON MORGAN 635 NORMAL ST ALUMNI CENTER NO 108 MEMPHIS TN 38152 96672301 0 X WWW.MEMPHIS.EDU/FOUNDATION/ X 1964 TN THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. 19 17 0 17 96071 0 21584852 26506516 0 0 20710580 2268549 6500234 7245932 48795666 36020997 10030439 11011021 0 0 1469846 1412553 188699 0 0 19912638 22871273 31601622 35294847 17194044 726150 149161436 152560360 9776193 10008898 139385243 142551462 THE FOUNDATION ACCEPTS AND ADMINISTERS PRIVATE SUPPORT TO THE UNVERSITY OF MEMPHIS. 0 0 33679153 11011021 7245932 THE FOUNDATION PROVIDED FUNDS FOR SCHOLARSHIPS, FELLOWSHIPS, ACADEMIC ENRICHMENT AND VARIOUS OTHER PROGRAMS AND PROJECTS IN SUPPORT OF THE STUDENTS, FACULTY, STAFF AND MISSION OF THE UNIVERSITY OF MEMPHIS. 33679153 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 233 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 19 17 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CAROLYN STANLEY 9016783950 635 NORMAL STREET ALUMNI CENTER RM MEMPHIS TN 38152 X GEORGE T JOHNSON PRESIDENT 1.00 X X 0 0 0 HARRY L SMITH VICE PRESIDENT 1.00 X X 0 0 0 GARY S SHORB TREASURER/SECRETARY 1.00 X X 0 0 0 JUDITH EDGE DIRECTOR 1.00 X 0 0 0 ROBERT F FOGELMAN DIRECTOR 1.00 X 0 0 0 CAROLYN HARDY DIRECTOR 1.00 X 0 0 0 FRED HODGES DIRECTOR 1.00 X 0 0 0 THOMAS G KADIEN DIRECTOR 1.00 X 0 0 0 RAAJKUMAR KURAPATI DIRECTOR 1.00 X 0 0 0 JAMES D LACKIE DIRECTOR 1.00 X 0 0 0 JASON LITTLE DIRECTOR 1.00 X 0 0 0 TANYA L HART DIRECTOR 1.00 X 0 0 0 DAVID C PERDUE DIRECTOR 1.00 X 0 0 0 DR M DAVID RUDD DIRECTOR 1.00 X 0 0 0 DR DOUGLAS SCARBORO DIRECTOR 1.00 X 0 0 0 FRED TOWLER DIRECTOR 1.00 X 0 0 0 MONICA WHARTON DIRECTOR 1.00 X 0 0 0 JAMES WIERTELAK DIRECTOR 1.00 X 0 0 0 JOHN WILFONG DIRECTOR 1.00 X 0 0 0 BYRON MORGAN MANAGING DIRECTOR 40.00 X 0 126970 17144 TARIT LIM FOUNDATION DIRECTOR (PART-YEAR) 40.00 X 0 115811 22311 CAROLYN STANLEY FOUNDATION DIRECTOR (PART-YEAR) 40.00 X 0 68359 17144 0 311140 56599 2 0 0 0 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 PROFESSIONAL SERVICES 300000 ONE DIVERSIFIED LLC 385 MARKET STREET KENILWORTH NJ 07033 CONSTRUCTION 232388 ADVENT RESULTS LLC 2310 KLINE AVENUE APT 200 NASHVILLE TN 37211 PROFESSIONAL SERVICES 197910 LEVY RESTAURANTS AT THE FEDEX FORUM 151 BRISTOL MOTOR SPEEDWAY BRISTOL TN 37620 PROFESSIONAL SERVICES 150111 4 26506516 1432349 26506516 3344484 96071 3248413 59575369 60651304 -1075935 -1075935 -1075935 MISCELLANEOUS REVENUE 611710 7245932 7245932 7245932 36020997 7245932 96071 2172478 X 10361093 10361093 649928 649928 367739 367739 944300 867825 76475 100514 100514 9123 4533 4590 24215 24215 255463 255463 97631 97631 1534 1534 12459 12459 1630 1630 481 481 120757 120757 12205 12205 UNIVERSITY SUPPORT - SE 21795774 21795774 BAD DEBT EXPENSE 517400 517400 SPECIAL PROJECTS 16659 16659 MAINTENANCE & REPAIRS 4870 4870 1072 1072 35294847 33679153 1615694 0 1006559 591801 12455617 18504231 89622212 86693266 44840176 46410552 1236872 360510 149161436 152560360 9776193 10008898 9776193 10008898 X 6391986 6007712 56625630 55965126 76367627 80578624 139385243 142551462 149161436 152560360 X 726150 2243645 186171 10253 X X 0 1 X 1 0 X 24315759 28195931 17839991 21584852 26506517 118443050 24315759 28195931 17839991 21584852 26506517 118443050 21995358 96447692 1175920 1215920 1615636 2281306 3344484 9633266 128076316 0.75300 0.81320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99857196 4478136 1358203 2864930 102828605 96970031 3666417 2108987 2888239 99857196 87471476 2685194 10778303 3964942 96970031 93823831 3060881 -5939533 3473703 87471476 91994405 2954313 1321603 2446490 93823831 0.02900 0.78360 0.18740 0 0 0 LIMITED PARTNERSHIPS & LLC'S 46410552 F 46410552 X 38205603 2243645 186171 10253 2440069 35765534 255463 255463 36020997 35039384 0 35039384 255463 255463 35294847 PART V, LINE 4: THE UNIVERSITY OF MEMPHIS FOUNDATION'S (FOUNDATION) ENDOWMENT ACCOUNTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS AND INCLUDE APPROXIMATELY 560 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS OF THE FOUNDATION HAS INTERPRETED UPMIFA AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERPETUAL ENDOWMENT FUNDS AND (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERPETUAL ENDOWMENT FUNDS. IN ACCORDANCE WITH UPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND THE PURPOSES OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND GENERAL ECONOMIC CONDITIONS THE POSSIBLE EFFECT OF INFLATION AND DEFLATION THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS OTHER RESOURCES OF THE FOUNDATION THE INVESTMENT POLICIES OF THE FOUNDATION PART X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, THE FOUNDATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO AMOUNTS HAVE BEEN RECOGNIZED IN OPERATING EXPENSES FOR 2019. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN CSV OF LIFE INSURANCE 10,253. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED IN INVESTMENT INCOME 255,463. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED IN INVESTMENT INCOME 255,463. 1 UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 501(C) 10361093 SCHOLARSHIPS 1 AWARDS 217 267580 PART I, LINE 2: THE FOUNDATION MAKES FUNDS AVAILABLE TO THE UNIVERSITY OF MEMPHIS. THE UNIVERSITY SELECTS RECIPIENTS IN ACCORDANCE WITH DONOR INSTRUCTIONS. X 29 1432349 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: BROKERAGE ACCOUNTS ARE MAINTAINED WITH VARIOUS PUBLIC FIRMS FOR THE PURPOSE OF RECEIVING AND SELLING GIFTS OF SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 RAAJ KURAPATI AND DAVID RUDD MAINTAIN A BUSINESS RELATIONSHIP DUE TO THEIR MUTUAL EMPLOYMENT AT THE UNIVERSITY OF MEMPHIS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGING DIRECTOR AND THE ASSOCIATE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS MONITORED AND ENFORCED BY THE UNIVERSITY OF MEMPHIS FOUNDATION'S OFFICERS AND EMPLOYEES IN A MANNER ADDRESSED IN THE CODE OF ETHICS SECTION OF THE FOUNDATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 ALL PAID FOUNDATION POSITIONS ARE SUBJECTED TO AN INDEPENDENT SALARY REVIEW BY STATE OF TENNESSEE PERSONNEL IN ACCORDANCE WITH STATE OF TENNESSEE POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART V, LINE 2B THE UNIVERSITY OF MEMPHIS FOUNDATION (UMF) REIMBURSES THE UNIVERSITY OF MEMPHIS (EIN 62-0648618) FOR THE COMPENSATION AND BENEFITS OF UMF'S MANAGING DIRECTOR AND FOUR OTHER EMPLOYEES. THEREFORE, THE FORM W-3 IS FILED BY THE UNIVERSITY OF MEMPHIS. FORM 990, PART IX, LINE 24A - UNIVERSITY SUPPORT DETAIL MOVING EXPENSES 2,000 CONFERENCES AND TRAVEL 349,821 SUPPLIES 353,492 POSTAGE 23,644 PRINTING 271,690 TELEPHONE AND COMMUNICATIONS 6,443 MAINTENANCE AND REPAIRS 9,238 ANNUITY EXPENSES 17,425 PROFESSIONAL SERVICES 1,866,829 PUBLICITY/PUBLIC RELATIONS 19,910 RENTAL FEES 132,459 INSURANCE OTHER 14,534 OTHER EXPENSES 91,913 DUES MEMBERSHIPS SUBSCRIPTIONS 161,332 MEALS AND ENTERTAINMENT 775,296 TICKETS 22,065 SPONSORSHIPS AND DONATIONS 116,258 GIFTS AND FLOWERS 65,201 FEES 316,134 HONORARIUMS 22,700 UNIVERSITY SUPPORT & ADVANC. 3,326,718 SPECIAL PROJECTS 4,062,498 FURNITURE AND EQUIPMENT 167,831 CAPITAL IMPROVEMENTS 9,600,343 TOTAL - UNIVERSITY SUPPORT 21,800,307 FORM 990, PART XI, LINE 9: INCREASE IN CSV OF LIFE INSURANCE 10,253. FORM 990, SCHEDULE G THE UNIVERSITY OF MEMPHIS FOUNDATION NO LONGER CONDUCTS ANY FUNDRAISING ACTIVITIES. ALL FUNDRAISING IS CONDUCTED BY THE UNIVERSITY OF MEMPHIS. FORM 990 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION UNIVERSITY OF MEMPHIS FOUNDATION 635 NORMAL ST, ALUMNI CENTER, RM 108 MEMPHIS, TN 38152 EMPLOYER IDENTIFICATION NUMBER: 62-6048540 FOR THE YEAR ENDING JUNE 30, 2019 THE UNIVERSITY OF MEMPHIS FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITIES TN 501(C) 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1